Situated in L.A.'s Benedict Canyon, the equestrian compound spans 16 acres, which includes a 20,000-square-foot main house, a 7,000-square-foot guest house, five stables and riding and hiking trails.

Those looking for a summer real estate splurge needn't look any further. The Beverly Hills compound once owned by Cher, and later Eddie Murphy, has hit the market for a steep $85 million.

Spanning 16 acres of Benedict Canyon and minutes from Rodeo Drive, the guard-gated estate is an equestrian's dream. The acreage boasts five stables, two white-graveled horse rings and miles of meandering riding and hiking trails. Visiting riders can be housed in the main stable building, which holds two guest bedrooms, two bathrooms, a living room, fireplace and safe room.

In addition to the privately accessed 20,000-square-foot main house (currently being re-invisioned) invisible to the rest of the compound, a 7,000-square-foot Moroccan two-story guest house is nestled on the sprawling grounds. Decorated with Moroccan tiles, arched windows, hand-carved wooden doors and coffered ceilings, the guest quarters has a master retreat, two additional bedrooms, six bathrooms, two full kitchens, two fireplaces, a dining room, a spa with Jacuzzi, a dry sauna and salon sink, and a large open patio.

Following Cher's ownership of her four-acre estate in the 1970s, the world-renowned superstar sold the property to Murphy. It was later sold in the 1990's to owners who acquired all four surrounding land parcels and redeveloped the site — creating the equestrian environment, the two guest/staff houses, tennis court and landscaped grounds — to the 16-acre stunner that it is today.